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Breaking News: Markets

Shares in Chinese chipmaker SMIC drop nearly 7% after earnings miss

by Claribel Alegria

A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. Vcg | Visual China Group | Getty …

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Fed Chair Powell won’t be fired but should cut interest rates

by Peter Abrahams

U.S. President Donald Trump speaks at the White House in Washington, D.C., U.S., April 22, 2025. Kevin Lamarque | Reuters President Donald Trump on Tuesday said he has “no intention” …

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United Airlines (UAL) Q1 2025 earnings

by Leila Aboulela

A United Airlines Boeing 767 passenger aircraft approaches Newark Liberty International Airport as trucks travel near the Port Jersey Container Terminal in Jersey City, New Jersey, on April 8, 2025. …

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American Airlines, Spirit cut summer profit forecast on costs

by Leila Aboulela

An American Airlines plane sits at the gate at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on february 23, 2023 Daniel Slim | Afp | Getty Images American …

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Early Revolut backer Lakestar leads $40 million investment in Swan

by Claribel Alegria

Swan co-founder and CEO Nicolas Benady. Swan European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French fintech startup Swan. …

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BP CEO resigns after not being ‘fully transparent’ on relationships

by Lotfi Akalay

Bernard Looney, CEO of BP, speaks during the 2023 CERAWeek by S&P Global conference in Houston, March 7, 2023. F. Carter Smith | Bloomberg | Getty Images BP chief executive …

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Oracle stock poised for steepest drop since 2002 on weak forecast

by Betti Alver

Oracle chief technology officer Larry Ellison speaks at a company event in Redwood Shores, Calif., on Aug. 7, 2018. Oracle livestream screenshot Oracle shares plummeted more than 12% on Tuesday …

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Wall Street sees potential upsides of UAW auto strikes

by Adam Aitken

United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant in Detroit, Sept. 25, 2019. Michael Wayland / CNBC DETROIT – Many on Wall Street view potential …

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Britain’s $4.5 billion digital bank Monzo debuts investments feature

by Claribel Alegria

Monzo, the $4.5 billion digital challenger bank, launched a feature that lets users make investments —marking its first foray into the massive financial investment market. The feature, called Investments, will …

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Standard Chartered-owned crypto firm Zodia launches in Singapore

by Claribel Alegria

A view of the Standard Chartered bank in Singapore, May 3, 2023. Caroline Chia | Reuters Zodia Custody, a company that helps large institutions store their crypto, launched in Singapore …

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